Uber

SAN FRANCISCO — Uber Technologies will acquire delivery service Postmates for approximately $2.65 billion in an all-stock transaction. Both companies are based in SF. The deal brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the U.S. Postmates is the fourth-largest delivery service in the nation and highly complementary to Uber […]

Ridesharing giant Uber has hired Thomas Ranese as its new Vice President of Global Marketing. The move comes after Uber reportedly laid off 400 employees in its marketing department recently to cut costs. Ranese has spent the last 10 years at Google, where he held a number of senior marketing roles, always reporting to Google’s […]

Friday is one of the biggest days in tech history as San Francisco-based Uber Technologies finally makes its debut on the stock market. The ridesharing pioneer is going public on the New York Stock Exchange Friday morning under the symbol UBER and will sell 180,000,000 shares of its common stock at a price to the […]

Uber is expected to go public this Thursday in the largest IPO this year. The company listed in its S-1 filing that it depends on nearly a quarter of its revenue from just five cities. In 2018, Uber said it earned 24% of total Ridesharing Gross Bookings from these five metropolitan areas – Los Angeles, […]

SAN FRANCISCO AND DUBAI — Ridesharing giant Uber has agreed to acquire Careem, based in Dubai, for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. Founded in 2014, Careem serves 120 cities in 15 countries in the Middle East. Uber will acquire all of Careem’s mobility, delivery, and payments […]

As an official partner of SXSW in Austin, TX, Uber Eats is teaming up with some of Austin’s best restaurants and national foodie favorites to transform the festival’s culinary experience. Uber Eats is feeding the festival through a series of activations and events, and elevating the entire experience to transform culinary pain points into rave-worthy […]

Uber has released its third annual Uber Lost & Found Index and smartphones (no surprise) top the list of most forgotten items. The Index is a snapshot of riders’ most commonly lost and most unique forgotten items. It also highlights which cities are most forgetful, and which days of the week people tend to be […]

Starbucks, the nation’s largest coffee chain, said it plans to begin offering delivery of its famous hot and cold beverages in the first quarter of 2019 in a partnership with Uber Eats. However, delivery will only be available at one-fourth of the chain’s company-operated locations in the U.S. and these cities have not been announced. […]

SAN FRANCISCO – California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón have announced a $148 million nationwide settlement resolving allegations that Uber Technologies, Inc. (Uber) violated state data breach reporting and reasonable data security laws in connection with its 2016 breach of driver and customer data. Uber is accused of exposing 57 million […]

  STUTTGART, Germany and SAN FRANCISCO — Germany’s Daimler auto company and Uber have announced an agreement to cooperate on the supply and operation of self-driving Mercedes-Benz vehicles. Under the terms of the agreement, Daimler plans to introduce self-driving vehicles on Uber’s global ridesharing network in the coming years. Daimler is the first auto company to […]

  Uber CEO Travis Kalanick announced it will create a $3 million legal defense fund to help its drivers with immigration and translation services. The move is in response to President Trump’s executive order banning immigrants from Iran, Iraq, Libya, Somalia, Sudan, Syria or Yemen for 90 days. Taxi drivers went on strike in NYC […]